Interactive Brokers reports slight increase in DARTs for May 2022
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for May 2022.
The broker reported 2.297 million Daily Average Revenue Trades (DARTs) for May 2022, 2% higher than prior year and 4% higher than prior month.
Ending client equity amounted to $314.6 billion, 10% lower than prior year and 3% lower than prior month, primarily due to an omnibus broker that is now using a trust company for custody.
Interactive Brokers registered 1.89 million client accounts in May 2022, 36% higher than prior year and 2% higher than prior month.
Average commission per cleared Commissionable Order was $2.66 including exchange, clearing and regulatory fees.
Speaking of Interactive Brokers’ performance, let’s recall that, for the first quarter of 2022, reported diluted earnings per share were $0.74 for the current quarter and $0.82 as adjusted. For the year-ago quarter, reported diluted earnings per share were $1.16 and $0.98 as adjusted.
Reported net revenues were $645 million for the current quarter and $692 million as adjusted. For the year-ago quarter, reported net revenues were $893 million and $796 million as adjusted. The result for the first three months of 2022 was better than the one recorded in the final quarter of 2021.
Reported income before income taxes was $394 million for the current quarter and $441 million as adjusted. For the year-ago quarter, reported income before income taxes was $639 million and $542 million as adjusted.
Commission revenue decreased 15% to $349 million in the first quarter of 2022 due to customer stock volume that dropped from an unusually active trading period last year, but was aided by higher customer options and futures trading volumes.
Net interest income decreased 8% to $282 million on a decline in securities lending activity, partially offset by gains on margin lending and segregated cash balances.